Global and domestic outlook for canola

Canola is an important global crop, and while South Africa is not a significant player in the industry, production and trade abroad have a significant impact on local production and prices.

- 

Canola (Brassica napus) is a significant crop around the world due to its versatility and the diverse range of products derived from it.

As a versatile crop, it can be grown in many climates and is thus produced in countries across the globe. It is also used in crop rotation programmes, particularly with grains, to improve soil health and break disease cycles.

Global production, consumption and demand are expected to increase over the short and medium terms.

GLOBAL PRODUCTION

In the 2023/24 marketing year, global canola production was approximately 89,39 million tons, down by a marginal 0,52% on the previous year. According to the Saskatchewan Canola Development Commission (SaskCanola), the biggest producers of canola during this period were the EU, which produced 19,93 million tons (22% of total global production); Canada, which produced 19,19 million tons (21%); China, which produced 15,8 million tons (18%); India, which produced 11,6 million tons (13%); and Australia, which produced 6,05 million tons (7%).